Odaily Planet Daily reports, according to on-chain analyst Yujin, a large whale shorted 1,600 BTC at 40x leverage yesterday, worth $102 million, with a liquidation price of $64,889. Subsequently, the whale set stop-loss orders ranging from $64,885 to $68,254, each for 50 BTC. At 4:00 AM, BTC rebounded to $65,000, triggering four stop-loss orders, reducing the position by 200 BTC—valued at $13 million—and resulting in a loss of $146,000. The whale currently still holds 1,400 BTC in short positions, worth $90.54 million, with a latest liquidation price of $64,998.
Whale closes $13M BTC short position with a $146K loss after a 40x leverage trade
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Summary
Whale activity saw a major move as a whale closed a 40x leveraged BTC short position. The whale initially shorted 1,600 BTC ($102 million) with a stop-loss strategy set between $64,885 and $68,254. At 4 AM, BTC rose to $65,000, triggering four stop-losses and reducing the position by 200 BTC ($13 million), resulting in a $146,000 loss. The whale still holds a short position of 1,400 BTC, valued at $90.54 million, with a new liquidation price of $64,998.
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